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FDIC Ready to Unload $422 Million of HECMs from IndyMac; Average Age of the Borrower: 81

March 8, 2018
Paul Muolo
Incenter and Ferncliff Investments are advising the FDIC on the HECM auction.
Read More

Senate Advances Dodd-Frank Reform Legislation, Bill Would Aid LOs Who Switch Jobs

March 8, 2018
Yemeng Yang
The bill would make it easier for loan officers to continue working if they leave a bank to go to a nonbank or leave a state-licensed shop in one state to go to a new state.
Read More

M&A Market Heats Up for Lenders: Plenty of Buyers; Sellers Wavering? Skyline on the Block?

March 8, 2018
With loan production suffering a noticeable decline in the first two months of the year, several small and medium-sized firms are struggling with profitability, causing intense speculation that the industry could be in for a wicked round of consolidation.
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Embrace Home Loans Hires a Deephaven Capital Markets VP to Head Product Innovation

March 8, 2018
Brandon Ivey
Parkes Dibble was previously vice president of capital markets...
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‘Big Ticket’ Mortgage Lending Lost Market Share in 2017

March 8, 2018
John Bancroft
An estimated $437.84 billion of home loans greater than the $424,100 benchmark agency limit were originated in 2017…
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Fannie Mae Keeping Tabs on the CFPB’s Ability-to-Pay Rule

March 7, 2018
Paul Muolo
Fannie Mae warns that changes could have a material effect on the “quality and quantity of loans available for sale to us.”
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Short Takes: Gary Cohn’s Resignation and the GSEs / Don’t Assume Anything / Fannie Mae’s ‘10 Percent Moment’ / Okay, Now’s the Time / SolomonEdwards Names Ranieri to its Board

March 7, 2018
Paul Muolo
GSE shareholder rights group Investor Unite was quick to pounce on the Pollock blog...
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Consumer Advocacy Group Calls for Congressional Investigation into Mulvaney

March 7, 2018
Yemeng Yang
John Czwartacki, senior advisor to Mulvaney, said the email from former payday lending executive Janet Lewis Matricciani was “unsolicited.”
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The Big Loser in the Nationstar-WMIH Merger: Uncle Sam

March 7, 2018
Paul Muolo
In a new SEC filing, Nationstar reveals plans to introduce new products aimed at debt consolidation…
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RBS Settles Legacy Non-Agency MBS Case with NY, Investigation by DOJ Pending

March 7, 2018
Brandon Ivey
According to a tally from Inside MBS & ABS, RBS/Greenwich Capital ranked second among all subprime MBS underwriters that brought deals to market from 2004 to 2007 with $261 billion.
Read More
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